J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $204.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price decreased by JPMorgan Chase & Co. from $209.00 to $204.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 24.24% from the company’s current price.

A number of other analysts also recently issued reports on the company. Raymond James raised their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Susquehanna decreased their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday. Stephens decreased their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays decreased their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, TD Cowen decreased their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $164.20 on Wednesday. The business’s fifty day simple moving average is $198.90 and its 200 day simple moving average is $192.97. The firm has a market capitalization of $16.96 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services will post 7.57 EPS for the current year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now owns 10,537 shares of the company’s stock, valued at $2,244,381. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was bought at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock worth $4,309,687 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clear Street Markets LLC raised its position in J.B. Hunt Transport Services by 94.0% during the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC raised its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of J.B. Hunt Transport Services by 69.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after acquiring an additional 85 shares during the period. Operose Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $36,000. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.